China's Tame Inflation Provides Ample Policy Room
date:Apr 16, 2014
China's consumer price index (CPI), a main gauge of inflation, increased 2.4 per cent year on year in March, up from 2 per cent in the February, official data showed on Friday.

The acceleration in inflation was mainly attributed to faster growth of food prices, said Yu Qiumei, a senior statistician with the National Bureau of Statistics (NBS).

Food prices account for nearly one-third of the weighting in the calculation of China's CPI. They gained 4.1 per cent from a year earlier and contribute
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